New Delhi: Prime Minister Narendra Modi hailed the Interim Budget presented by finance minister Nirmala Sitharaman in Parliament today “inclusive and innovative” on Thursday.
PM Modi stated that the budget reflects the aspirations of a young India.
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“This budget reflects the aspirations of a young India.” The Budget included two significant decisions. In a short address to the country, he established a ₹1 lakh crore fund for research and innovation.PM Modi remarked that the budget guarantees that India will be a developed country by 2047.
“The interim budget is inclusive and imaginative. It is confident in its continuity. It will strengthen all four pillars of Viksit Bharat—Yuva, Garib, Mahila, and Kisan. “This Budget guarantees that India will be a developed nation by 2047,” he continued.PM Modi stated that the income tax remission scheme will benefit more than one crore people.
“The income-tax remission scheme will bring relief to one crore middle-class citizens. “This budget contains important decisions for farmers,” he stated.PM Modi stated that the budget focuses on empowering the poor and middle class and generating opportunities for them.
“It has been declared that we would build two crore extra houses for the needy. We want to have 3 crore ‘Lakhpati Didis’ now. ASHA and Aganwadi workers will also benefit from the Ayushman Bharat plan, he said.PM Modi stated that the capital expenditure spending has grown.
To control the fiscal deficit, the budget allocates a historic high of ₹11,11,111 crore for capital expenditure. In economic terms, this is a’sweet spot’. In addition to preparing India’s contemporary infrastructure for the twenty-first century, this would create an abundance of new work possibilities for the youth,” he stated.
Opposition slams interim budget
The opposition, however, complained that the budget lacked substance.It was one of the shortest Budget speeches ever recorded. Not much came of it. As usual, there is a lot of bombastic jargon but little specific information about implementation. She discussed foreign investment without realizing that it has decreased drastically,” Congress MP Shashi Tharoor stated.
Karnataka minister Priyank Kharge claimed Sitharaman merely used trendy slogans. “Nothing concrete has happened,” stated the man.
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